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Edinburgh to London train line to be come under state ownership

Edinburgh to London train line to be come under state ownership”

Virgin Trains East Coast - a joint venture between Stagecoach and Virgin - was awarded the eight-year franchise to run trains in November 2014.

Passenger and freight rail services in Britain were privatized in the 1990s when routes were grouped into franchises and operators bid to run services for a set number of years.

LNER, one of the classic "Big Four" railway companies, ran trains including the Flying Scotsman on the Edinburgh-London line from 1923 until nationalisation in 1948.

Your journeys on the East Coast Mainline will be unaffected during the transition to the new operator, tickets, timetables, and train services will all stay the same, even though a different operator will be in charge.

I want the LNER to have employees at its heart.

"I will appoint an interim chair shortly, and then begin the recruitment process for a long term appointment".

Grayling said that while there'll be no nationalization, East Coast will be recast as a partnership between public and private sectors.

Mick Whelan, general secretary of ASLEF, the main train drivers' union, said it hoped Mr Grayling would now bring the rest of our railways into public ownership too.

"This is not because the route is failing. Virgin and Stagecoach will do very nicely out of this "not for profit" contract - [and] it is a real scandal if they get it, since they have just been given a £2 billion bailout from their previous contract".

" This means taxpayers have not lost out because revenues are lower than predicted: only VTEC and its parent companies have made losses at this time".

"East Coast is now the top-rated franchised train service in Great Britain - with 92 per cent overall satisfaction with the last journey in the latest National Rail Passenger Survey".

It is the third time in a decade that the government has called a halt to the East Coast franchise.

The London-to-Edinburgh line, operated by Stagecoach Group and Virgin Trains since 2015, will be put under an "operator of last resort" and rebranded the London & North Eastern Railway, or LNER for short.



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